Eaton Vance California Municipal Income Trust to Issue Monthly Dividend of $0.05 (NYSE:CEV)

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.05 per share on Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, February 13th.

Eaton Vance California Municipal Income Trust Trading Up 0.4%

Shares of NYSE CEV traded up $0.04 during mid-day trading on Tuesday, reaching $10.31. The company had a trading volume of 30,605 shares, compared to its average volume of 26,219. Eaton Vance California Municipal Income Trust has a twelve month low of $9.31 and a twelve month high of $10.62. The stock’s 50 day moving average is $10.23 and its 200-day moving average is $10.02.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax and California personal income tax. The trust primarily invests in investment-grade municipal securities issued by state and local governmental entities, with a portfolio focus on California debt obligations. Its tax-exempt income objective makes it a specialized option for investors in higher tax brackets seeking steady tax-advantaged distributions.

The trust’s portfolio typically includes a diversified mix of general obligation bonds, revenue bonds and essential-service obligations that finance public utilities, transportation, education and healthcare facilities within California.